Cast on 76 sts and join to knit in the round. (Remember worsted wt. yarn is held doubled throughout; bulky weight single.)
Round 1: [K3, P1] around.
Repeat this pattern, observing your stripe counts until 4 stripe sequences are completed.
Work 2 rounds with C1.
Next Round: K2TOG; [K15, place marker] repeat around.
Decrease Round: [K to within 2 sts of marker, K2TOG] repeat around.
While continuing to observe your stripe count, repeat the above DEC round every round until 5 sts are left. (Switch to Dbl. Pts when uncomfortable to continue with Circs.)
Break yarn and weave through remaining sts. Weave in all ends.
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